~EDWARD $TEVEN$ON EXPRE$$~

[EDWARD STEVENSON]

Stocks, Commodities, Forex Overview: Must Watch Forces and Events, March 8-12, 2010.
by Cliff Wachtel CPA March 07, 2010

Just last week at the end of February, the recovery and risk assets (stocks, commodities and in FX commodity dollars and the euro) were struggling.

However, positive news suggesting Greece could avoid default (over the coming months at least), incremental improvements in the US employment picture and other positive economic data kept markets moving in the right direction all week long. Does this mean it’s safe to open new long positions in risk assets?

The Big Picture: Risk Assets Range Bound Until Clarification on Greece

The short answer is: possibly for short term positions, but not for those looking beyond a time horizon of a few days. For now, it’s a range bound market. Find the appropriate ranges for your time-frame, and establish long or short positions at either extreme for the lowest risk/highest probability trades or longer term holds.

•Most markets are still trading with a very nervous, short-term focus, gyrating on daily data reports.
•Incoming data from the major economies continues to be extremely mixed, with some indicators inspiring confidence and others reminding of the fundamental weaknesses remaining.

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